PVC prices continue to rise, and downstream still maintains just need to purchase

Domestic PVC social inventories have rebounded for five consecutive weeks, indicating an increase
in supply.
Last week, PVC downstream products enterprises started to differentiate, and the operating rate of large enterprises was still relatively stable, but small enterprises were limited by electricity and production costs were high, and there were signs of
reducing production.
Overall downstream operating rates are expected to remain stable
.

At present, from the balance sheet, since September, PVC weekly production has declined significantly, the upstream factory warehouse in the mainland has been dematerialized, but the middle and downstream inventories continue to accumulate, even considering that September because of shipping problems, export cashing is not good, but such apparent demand is also very unsatisfactory, there are two reasons for the obvious decline in apparent demand: First, the downstream dual control of the obvious suppression of demand; The second is the downward trend of the real estate cycle, and the gradual weakening of new construction is gradually realized to the apparent demand for building materials, which is obviously synchronized
with glass, steel and other varieties.

All in all, although the current PVC demand performance is extremely weak, the main trading points of the overall market are still in the cost increase and supply reduction caused by carbon neutrality, this logic is still very strong, so it is not recommended to try to operate
against the trend.